#1CPF PUT OUR HE RT INTO FOOD 9M/2020 Results Briefing Investor Presentation November 13, 2020 PUT OUR HE RT INTO FOOD UTARM 100% NATURAL MEMBER OF Dow Jones Sustainability Indices In Collaboration with RobecoSAM AAAAA FTSE4Good#200000 Contents Business Overview 02 9M/2020 Financial Results 09 FY 2020 Outlook 17 Appendix A: 3Yr Historical Results B: Products & Raw Materials Price Trend C: Highlights 3Q20 Results D: Group of CPP's Associate Companies & Joint Ventures E: Product Sample & Retail Outlet Format P.1#3Why Invest in CPF "Aiming to compete in the front line of the food industry, we use resources properly and environmental friendly. The Company takes into account the interests of all stakeholders to ensure sustainable growth, while being able to generate appropriate return to shareholders" Kitchen TheWorld One of the world's recognized leaders in animal feed manufacturing, swine production, and shrimp integrated business ■ Diversified portfolio with operations and investment in 17 countries catered to over 4 billion population, and exports to more than 30 countries Multi-species animal proteins (mainly swine, poultry, shrimp) Member of "SET 50" under Agro & Food Industry Sector (Ticker: CPF) Member of Dow Jones Sustainability Index (Emerging Markets) Member of FTSE 4Good Index Series Ranked "Excellent" for CGR Scoring by Thai Institute of Directors (IOD) P.2#4Sustainability WE SUPPORT UN GLOBAL COMPACT SUSTAINABLE DEVELOPMENT GOALS CPF commits to support 11 of 17 Sustainable Development Goals which align with our capacity and potential. CPF is a participant in the United Nations Global Compact MEMBER OF Dow Jones Sustainability Indices In Collaboration with RobecoSAM 1 ON POVERTY 2 ZERO HUNGER 3 GOOD HEALTH AND WELL-BEING 4 QUALITY EDUCATION 5 GENDER EQUALITY SSS W ⑪+ 7 AFFORDABLE AND CLEAN ENERGY 8 DECENT WORK AND M INEQUALITIES 6 CLEAN WATER AND SANITATION 12 RESPONSIBLE CONSUMPTION AND PRODUCTION QO 13 CLIMATE ACTION LIFE 14 BELOW WATER LIFE 15 ON LAND 16 PEACE JUSTICE AND STRONG INSTITUTIONS 17 PARTNERSHIPS FOR THE GOALS SUSTAINABLE DEVELOPMENT GOALS 1x CDP MSCI CAC CERTIFIED DRIVING SUSTAINABLE ECONOMIES FTSE4Good P.3#5Company Facts Vision : "Kitchen of the World" 4 listed investments onboard (HKSE:00043, HKSE:3839, TWSE: 1215, SET:CPALL) 42 series of debentures listed on Thai Bond Market Association "TBMA" 2 exchangeable Bond "EBs" on SGX: SINGAPORE EXCHANGE FY19 Sales :THB532 billion or USD 17.2 billion Market Cap THB224 billion or -USD7.2 billion Highlights 2019 Sales Breakdown (as of Nov 12, 2020) Capital : 8,611 million shares (paid-up) par value of THB. 1.00 per share Book Value THB21.34* per share (as of Sep 30, 2020) Shareholders: Charoen Pokphand Group Ltd. 52.91% of Paid-Up Capital (as of Sep 30, 2020) ** Credit Rating: "A+" with "Negative" Outlook (as of Mar 31, 2020) TH-Export, 6% TH- Domestic, 27% By Operations International, 67% Livestock, 86% Feed, 38% Farm, By Business 44% By Product Aquaculture, 14% Note: USD1 = THB 31.03 (as of Nov 12, 2020) * Exclude Non-Controlling Interests (NCI) and Subordinated Perpetual Debentures ** CPG Group is a reporting group to be in compliance with Section 246 and Section 247 of the Securities and Exchange Act of 2535 (as amended) Food, 18% P.4#6Vertically Integrated Business in Thailand The integrated food process to offer top-quality products in terms of nutrition, taste, food safety, and traceability with the focus to maintain world-class, modern production process as well as efficient and ecofriendly consumption of natural resources. I I Feedmilling Breeding Farming Processing Adding Value I I Feed Breeder Live Animal Fresh Meat Food & Ready Meal FEED Business > TRADING Business ห้าดาว Farm FARM Business Food & Retail Outlets STA AR CHESTERS CP Fresh Mart Food เป้อย่าง CP PORK SHOP CP Kitchen S SALSA World COFFEE FOOD Business DAK GALB CP Global Brand Recognition ซีพี เฟรช WOK CPFresh สดทุกวัน คุ้มทุกวัน P.5#7Russia Livestock feed CPF Geographical Footprints • Operations and investment in 17 countries catered to > 4 billion population • Export to more than 30 countries across 5 continents Swine farming Chicken integrated business UK Chilled and Frozen food Food kiosks Food Services Belgium Ready to eat foods Brazil Shrimp farming & primary processing Turkey Chicken integrated business Poland Hatchery farm Food processing plants Sri Lanka Ready to eat foods India Chicken integrated business Aquatic feed Aquaculture farming Ready to eat foods Taiwan, China Livestock integrated business Canada Swine integrated business USA Ready to eat foods Philippines Livestock and aquaculture feed and farming Laos Livestock integrated business Cambodia Livestock integrated business China Vietnam Livestock and aquaculture feed Thailand Malaysia Livestock and aquaculture integrated businesses Livestock and aquaculture integrated business Livestock and aquaculture integrated businesses P.6#81 Our Strategy for Growth Fully integrated business model Feed Business Farm Business Food business Feed Manufacturing and Distribution Animal Breeding. Animal Farming, and Primary Processing Production of Cooked and Ready Meal Products 2 Globalization by establishing a proper business model suitable for each strategic market 3 Value-added business by expanding portfolio towards innovative products and services to serve rising demands Cheeva Pork UFARM 15 100% NATURAL หมู่ไขมันดี SE ชนะเลิศ aceoaudanso Thaifes-Anuga Asia 2020 0% ยาปฏิชีวนะ 0% ฮอร์โมน Benja Chicken 100: NATURAL • เลี้ยงด้วยข้าวกล้อง Solomoly • ฉ่า ปลอดสาร..ปลอดภัย UFARM U FARM 100% NATURAL NORTH AMERICA EUROPE ASIA AMERICA AFRICA Expand Market 17 Countries AUSTRALIA P.7#9Our Execution Create value-use innovation in order to add value to product, process, and business model. Frock CP FreshMart Last Mile Delivery Werness Weliness FRESH DEEP Cheeva Pork U FARM 100% NATURAL NATURAL NATURAL FROM USA FROM JAPAN nyanjun ชนะเลิศ Thaifex-Anuge Asia 2020 Cage Free Egg Cage Free Egg รรมชาต UND URAL Digital Transformation - utilize digital tools to improve operation efficiency and to better serve. needs of customer. CP FreshMart Smart Farm Smart Factory "Robot Accountant" Sustainability - ensure sustainable growth by creating shared value for society, environment and well as economic value. Fight against Covid-19 Promote Food Security CPF P.8#10CPF Operation Structure (as of Sep 30, 2020) 30% of Sales CPF Thailand 1 CPF 70% of Sales CPF International 9M20: Sales: Net Profit: THB 439,745 m THB 19,614 m Associates & Joint Ventures 25% of Sales Domestic 46% of sales CPP- HKSE:43 (52.24%) (1) UK Westbridge 24% of sales (99.99%) (100.00%) Andhra Pradesh Broodstock (74.99%) 4 CP Meiji (59.99%) TW: 1215 CPE Taiwan (39.00%) 5% of Sales Export (2% of Sales export through Subsidiaries) HyLife (Canada) (50.10%) 17 28% of sales 18% of sales USA(Bellisio) (100.00%) 5 Ross (49.99%) China Vietnam Russia (99.99%) Westbridge Food Holdings (50.00%) RBPI (75.82%) 6 2 3 Arbor (49.98%) S&W (99.99%) SuperDrob (Poland)(49.45%) India CP Cambodia 13 Sri Lanka (Norfolk Foods) (80.00%) Turkey Philippines 14 Belgium (Tops Food) (84.07%) Malaysia (99.99%) 7 (100.00%) 8 (100.00%) (99.99%) 10 (99.99%) 11 Camanor (Brazil) (40.00%) 16 SET: CP ALL (34.06%) 9 CP-MP Logistics Joint Stock (32.43%) CP Aqua (India) (31.70%) Siam Rivea (29.99%) 15 CPF Poland A.A.W Organizacji(66.67%) China (Aqua) (100.00%) Nava84 (25.00%) CTEI Laos Note: % represent percent holding by CPF both direct and indirect (1) Based on total issued shares (2) See Appendix D (50.43%) (99.99%) 12 BHJ Kalino Food AB(15.08%) Group of CPP's Associate Companies & JCE (2) Feng Sheng Livestock (19.50%) P.9#119M/2020 Performance Summary 9M/2020 VS 9M/2019 Sales Revenue Breakdown Others 24% Thailand 30% Sales Revenue 12% Revenue -3% . Weaken India Gross Profit +50% Margin: performance due to Covid-19 Revenue +4% Improved Thai shrimp operation with more focus on 9M/19: 14% 9M/20: 19% domestic market . ASF driven import demand, swine market price up 6% • Broiler market price down EBITDA +87% Margin: 9M/19: 8% 9M/20: 14% • Net Profit +36% Margin: 3.7% 9M/19: 9M/20: 4.5% Vietnam 18% Revenue +35% Swine price up 91% from lack of supply due to ASF 5% from Covid-19 demand slowdown Lower raw material prices China 28% Revenue +27% • Livestock feed sales increased • Growing food business P.10#129M20: Sales & Profit Margin by Business In THB, m 9M19 9M20 +4% 110,143 114,139 +3% 19,292 19,913 +12% 439,745 391,780 +20% 268,397 223,342 -4% 39,003 37,296 Thai-Livestock Thai-Aqua Overseas-Livestock Overseas-Aqua TOTAL GPM 12.5% 16.1% 8.4% 13.5% 14.2% 20.3% 18.3% 16.1% 13.8% 18.5% OPM* ** 2.7% 5.4% -0.1% 6.5% 5.1% 11.6% 12.6% 9.6% 4.9% 9.6% Exclude gain/loss from fair value adjustment of biological assets P.11#139M20: Sales Structure by Business Sales Breakdown Livestock Aquaculture Total 9M19 9M20 % Change 9M19 9M20 % Change 9M19 9M20 % Change Thailand 110,143 114,139 4% 19,292 19,913 3% 129,435 134,052 4% Domestic 91,505 96,523 5% 15,618 16,320 4% Export 18,638 17,616 -5% 3,674 3,593 -2% 107,123 22,312 112,843 5% 21,209 -5% China 88,070 114,056 30% 7,461 7,490 0% 95,531 121,546 27% Vietnam Others 47,065 66,558 41% 12,702 14,062 11% 59,767 80,620 35% 88,207 87,783 0% 18,840 15,744 -16% 107,047 103,527 -3% Total 333,485 382,536 15% 58,295 57,209 -2% 391,780 439,745 12% % of Total Sales 85% 87% 15% 13% 100% 100% Thailand China • Vietnam 76% of Sale Revenue P.12#149M20: Sales Structure by Products Sales Breakdown by Products Feed Farm Food Total 9M19 9M20 % Change 9M19 9M20 % Change 9M19 9M20 % Change 9M19 9M20 % Change Thailand 28,808 28,828 0% 65,802 73,335 11% 34,825 31,889 Domestic Export 28,746 62 28,791 37 0% -40% 60,383 5,419 67,109 6,226 11% 15% 17,994 16,831 16,943 14,946 -8% -6% -11% 129,435 134,052 4% 107,123 22,312 112,843 21,209 5% -5% * China 73,945 91,822 24% 15,560 22,528 45% 6,026 7,196 19% 95,531 121,546 27% Vietnam 21,386 21,307 0% 36,235 56,073 55% 2,146 3,240 51% 59,767 80,620 35% Others 27,309 25,061 -8% 52,731 51,250 -3% 27,007 27,216 1% 107,047 103,527 -3% Total 151,448 167,018 10% 170,328 203,186 19% 70,004 69,541 -1% 391,780 439,745 12% * CTI deconsolidation after transaction complete in 2020 Feed, Farm, 55% 76% Farm, 50% Feed, 38% Total Farm, 46% Feed, Farm, 70% Feed, 21% Thailand China 26% Vietnam Feed, 24% Others Food, 24% Food, 6% Food, 4% Farm, 18% Food, 26% Food, 16% THB 134,052 m THB 121,546 m THB 80,620 m THB 103,527 m THB 439,745 m % to sales 30% 28% 18% 24% 100% P.13#152019 Quarter 1 2020 %Chg. 2019 Quarter 2 2020 9M20: Consolidated Income Statement Highlight 9 Months 2020 Quarter 3 Net sales 125,286 138,135 10% Gross Profit Margin 14.1% 18.3% 13.9% 133,897 143,805 18.1% % Chg. 7% 2019 EBIT 5,979 12,355 107% 5,106 EBIT Margin 4.8% 8.9% 3.8% 13,174 9.2% 158% 2020 132,597 157,805 13.5% 19.1% 5,085 15,357 3.8% 9.7% %Chg. 19% 2019 %Chg. 13.8% 391,780 439,745 18.5% 12% 202% 16,170 40,886 4.1% 9.3% 153% EBITDA EBITDA Margin G/L on FV of Biological Assets Share in Profit of Associates Financial Costs Income Taxes Expense (687) NET PROFIT 4,279 11,585 9.2% (1,431) (1,762) 2,348 2,680 (3,414) (3,665) (1,996) 6,111 19,224 66% 10,590 20,063 89% 13.9% 7.9% 14.0% 8.2% 10,871 22,371 14.2% 106% 33,046 61,658 87% 8.4% 14.0% -23% 124 962 676% 644 321 -50% (663) (479) 28% 14% 7% 1,870 (3,467) 191% (1,172) 43% 4,105 1,583 (4,491) (2,919) 6,028 -15% 30% 149% 47% 2,260 2,028 (3,380) (4,186) (1,400) (2,998) 6,062 7,475 -10% 6,478 6,291 -3% 24% (10,261) (12,342) 20% 114% 23% (3,259) (7,913) 14,445 19,614 143% 36% EPS (THB) 0.50 0.73 0.48 0.72 # of capital shares 8,185 8,185 8,185 8,171 Paid-Up Capital 8,611 8,611 8,611 8,611 Dividend (THB/Share) Note: (1) # of capital shares = No. of the weighted-avg. shares 0.72 0.91 1.71 2.35 8,185 8,076 8,185 8,144 8,611 8,611 8,611 8,611 0.30 0.40 (2) One time expense from the amendment of the Thailand's Labour Protection Act in the amount of THB 2, 126 m in 2019 (3) Financial costs includes impact from the adoption of TFRS 16, interest on lease liabilities in the amount of THB 1,561 m in 9M20 P.14#16Financial Status (As of Sep 30,2020) Interest Bearing Debt: THB 399,351 m Net Debt to Equity & Net Debt to EBITDA (THB, m) ■Net D/E 399,351 288,710* 328,452* 331,107* 2017 2018 2019 Cash and Cash Equivalent (THB, m) 31,478 32,094 22,972 1.4x 1.4x 1.2x 1.2x 9M20 2017 2018 2019 9M20 91,924 ■Net D/EBITDA 8.2x 7.6x 6.4x 4.0x 2017 2018 2019 9M20 Current Portion, 2017 2018 2019 9M20* S/T Loan, 12% 25% Bond, 41% Bond Rating "A+" with "Negative" Outlook by Tris Rating Co., Ltd L/T Loan, 22% Remark: Net Debt = Interest Bearing Debt - Cash and Cash Equivalents Selling EBITDA = Revenue from Sales of Goods - Cost of Sales of Goods + Other Income - Expense - Administrative Expense - Other Expense + Gain (Loss) from Foreign Exchange + Gain (Loss) on sales of property, plant & equipment+ Depreciation & Amortization + Depreciation of biological asset Cost of 2017 2018 2019 9M20 Debts 3.84% 4.02% 3.90% 3.48% * LTM basis *Remark: Adjusted to exclude lease liabilities according to TFRS 16 for comparison purpose P.15#172020 Investment and Financing Activities 1Q January Sheng Da Foods Co.,Ltd. (Taiwan, RPC) Sales of Agri Products & International trade 100.00% NT$ 100 m February Five Star (Trademark) Announcement 100% THB 349 m Charoen Pokphand Holdings (Malaysia) Fully integrated poultry business 50.25% THB 1,345 m Announcement March Tesco Asia Group (Thailand&Malaysia) Retail business 20.00% USD. 1,500 m 2Q June Financing Activity Thai Baht Debenture THB 25,000 m by CPF Tenor 4,7,12,15 yrs. (@ 3.3%) Financing Activity 3Q August Financing Activity Thai Baht Debenture THB 20,000 m by CPFTH Tenor 4.5,7,10,12,15 yrs. (@ 3.3%) September Exchangeable Bonds USD 275 m Due 2025 (@ 0.5%) Announcement Chia Tai Invesment(CTI) Subsidiary of C.P. Pokphand (CPP) (RPC) Swine farm business Issue new shares 35% held by CPP after acquisition Financing Activity Share Repurchase Program THB 10,000 m or 400 m shares Cumulative share repurchased as of 30 Sep 2020 (end of program) is 198 m shares or 6,084 MB (2.30% of paid-up shares) P.16#18CPF's Investment in Listed Companies Stock Price (Local Curr.) Market Cap. CPF Holding% (THB mm) Holding Value (THB mm) (As of September 30, 2020) CPALL THB 60.25 541,232 34.06% 184,344 (SET:CPALL) CPP HKD 0.76 74,642 52.24% 38,993 (HKSE:0043) TRUE THB 3.10 103,441 2.21% 2,286 (SET:TRUE) CPE TWD 66.40 19,396 39.00% 7,564 (TWSE: 1215) CTEI HKD 1.50 1,473 50.43% 743 (HKSE:3839) Total 233,930 P.17#19Y2020 Outlook Growth Target Expected sales growth of approximately 8-12% excluding FX translation impact Key Drivers & Focus Higher average domestic meat prices of swine ■Swine shortage due to African swine fever (ASF), rising momentum of swine prices especially in Vietnam Improving Thai aquaculture businesses performance ■ Opportunities from new normal after COVID-19 raise demand for food safety products. ■ Focusing on efficiency improvement and prudent investment Key Challenges Impact of COVID-19 on consumption and global economy Impact of drought in Thailand Balancing domestic chicken parts for different markets ■ African swine fever (ASF) outbreak in multiple countries Foreign exchange volatility ◉ Investment Capex of approximately THB 25 billion (excluding M&A) P.18#20Appendix A Highlights: 3Yr Historical Results#21-10.0% Q1'18 Q2'18 Q3'18 Oversea-Livestock 25.0% Q3'20 Q2'20 Q1'20 Q4'19 Q3'19 Q2'19 Q1'19 Q4'18 GPM Thai-Livestock 25.0% OPM ** 25.0% 19.1% 20.0% 15.4% 20.0% 14.1% 15.0% 12.6% 13.4% 10.7% 11.0% 10.0% 7.7% 5.1% 5.9% 6.8% 4.0% 5.0% 1.9% 1.7% -0.7% -0.1% P-1.7% 0.0% -4.1%-3.5% -5.0% 16.3% 13.1% 15.0% 7.7% 10.7% 10.8% 10.0% 10.6% 9.9% 5.3% 10.0% 7.8% 3.0% 6.6% 6.6% 5.8% 4.4% 3.9% 3.5% 5.0% 4.3% 3.4% 5.0% 1.1% -1.0% 0.0% -3.3% -3.8% -3.7% Gross Profit Margin & Operating Profit Margin Thai-Aqua GPM OPM** -5.0% GPM OPM ** 25.0% 20.2% 20.4% 20.4% 20.1% 19.4% 20.4% 19.2% 20.0% 16.3% 15.4% 20.0% 16.7% 15.7% 16.1% 14.4% 15.0% 10.3% 8.3% 10.0% 7.3% 7.2% 5.4% 5.0% 1.3% 0.0% Q3'20 Q2'20 Q1'20 Q4'19 Q1'19 Q4'18 Q3'18 Q2'18 Q1'18 ** Exclude gain/loss from fair value adjustment of biological assets Q3'19 Q2'19 14.7% 13.5% 15.0% 13.9% 12.6% 12.0% 11.4% Q3'20 Q2'20 Q1'20 Q4'19 GPM Q3'19 OPM ** Q2'19 Q1'19 Q4'18 Q3'18 Q2'18 Q1'18 Oversea-Aqua 17.9% 17.1% 16.8% 14.6% 14.7% 11.8% 11.4% 11.4% 10.0% 9.2% 7.6% 5.0% 5.0% 5.0% 3.1% 0.0% Q1'18 Q2'20 Q1'20 Q4'19 Q3'19 Q2'19 Q1'19 Q4'18 Q3'18 Q2'18 13.3% 11.7% 10.8% 9.1% 8.6% 4.7% Q3'20 P.20#22Thailand Operations - Export Destination Y2018 Y2019 9M20 Asia 68% Others USA 4% 6% Asia 69% EU 22% EU 20% Others USA 4% 7% Asia 85% USA Others 1% 4% EU 10% Asia EU USA Others Asia EU USA Others Asia EU USA Others Farm Farm Farm THB 7,473 million -12% THB 8,038 million +8% THB 6,227 million +15% Asia 51% Others USA 4% 4% Asia 50% EU 41% Others USA 2% 4% Asia EU USA Others Asia 54% EU 44% EU 38% Others USA 3% 5% Asia EU USA Others Asia EU USA Others Food Food Food THB 21,490 million -1% THB 23,943 million +11% THB 14,946 million -11% P.21#23Consolidated Income Statement Highlight Full Year 2017 2018 % Change 2019 % Change Net sales 501,507 541,937 8% 532,573 -2% Gross Profit Margin (%) 12.0% 12.1% 14.3% EBIT 11,172 17,151 54% 24,515 43% EBITDA 32,420 39,559 22% 47,551 20% Share in Profit of Associates 7,983 8,343 5% 8,893 7% Financial Costs (11,743) Income Taxes Expense (251) Gain (Loss) from FX (21) NET PROFIT 15,259 (203) 15,531 (11,703) (6,212) 2,375% -867% -0% (13,785) 18% (5,446) -12% (10) 95% 2% 18,456 19% EPS (THB) # of capital shares* Paid-Up Capital Dividend (THB/Share) *Note: # of capital shares = No. of the weighted-avg. shares 1.91 1.82 2.18 7,720 8,185 8,185 8,611 8,611 8,611 0.75 0.65 0.70 P.22#24CAPEX & EBITDA Unit: THB, m CPP CPF CAPEX 30,475 27,135 25,240 18,828 9,438 6,527 10,503 EBITDA Unit: THB, m EBITDA Margin% 61,658 47,551 14.0% 39,559 32,420 8.9% 7.3% 6.5% 9,710 21,037 20,608 14,737 9,118 2017 2018 2019 9M20 2017 2018 2019 9M20 EBITDA = Revenue from Sales of Goods - Cost of Sales of Goods + Other Income - Selling Expense Administrative Expense - Other Expense + Gain (Loss) from Foreign Exchange + Gain (Loss) on sales of property, plant & equipment+ Depreciation & Amortization + Depreciation of biological asset P.23#25Before Tax Consolidated Net Profit, ROA and ROE Net Profit Unit: THB, m -ROA Gain on fair value adjustment on investment in associates Divestment and Dividend Equity (Share in Profit of Associates) EBIT CAGR +10% ROA & ROE 5.0% 3.5% 3.8% 3.0% 2017 2018 2019 9M20* 1,655 6,291 ROA = Net Income (include Non-Controlling Interest )/Average Total Asset 8,214 ROE 9,421 8,893 10,525 8,343 40,886 13.3% 7,983 10.1% 1 1.1% 9.3% 24,515 17,151 11,172 2017 2018 2019 9M20 NP: 15,259 15,531 18,456 19,614 2017 2018 2019 9M20* ROE = Net Income (Exclude Non-Controlling Interest)/Average Total Equity (Exclude Non-Controlling Interest) LTM basis P.24#26Consolidated Net Profit- Quarterly Unit : THB, m ■1Q 12Q 13Q 4Q 3,955 4,064 4,914 2,326 3,048 5,894 6,111 6,062 6,028 4,912 4,279 4,105 4,010 1,677 7,475 2017 2018 2019 2020 Full Year: 15,259 15,531 18,456 19,614 Net Profit P.25#27EPS & Dividends per Share Earnings Per Share Unit THB Per Share Dividends Unit THB Per Share CAGR +7% 1.91 1.82 2.35 2.18 Dividend Policy Semi-annually, not less than 30% of consolidated annual net profit 0.75 0.70 0.65 0.40 2017 2018 2019 9M20 2017 2018 2019 9M20 P.26#28Appendix B Products & Raw Materials Price Trend#29Average Farm Prices - Thailand Thailand's Broiler price (THB/kg) Y2019 46.0 Y2018 41.0 36.0 32.3 29.8 29.6 31.0 29.0 Average Price Y18 Y19 Y20 Y2020 30.2 33.2 30.8 % Chg +10% -7% 34.4 33.2 32.5 32.7 31.5 31.3 31.5 29.7 26.0 1Q18 2018 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 Current Price 90.0 80.0 70.0 60.0 50.0 44.8 Y2018 Thailand's Pork price (THB/kg) Y2019 72.8 70.0 62.2 60.9 57.5 62.1 58.1 Average Price Y18 Y19 Y20 Y2020 80.0 56.3 65.7 72.1 76.0 % Chg +17% +10% 70.3 66.0 40.0 1Q18 2018 3Q18 4Q18 1019 2Q19 3019 4Q19 1Q20 2Q20 3Q20 Current Price Source: CPF P.28#304.0 Y2018 Average Farm Prices - Thailand Thailand's Fresh Egg price (THB/piece) Y2019 Average Price Y18 Y19 Y20 Y2020 2.3 2.6 2.5 2.9 2.9 % Chg +11% -3% 3.0 2.7 2.7 2.5 2.6 2.6 2.5 2.4 2.2 2.2 2.1 2.0 1.0 1Q18 2018 3Q18 4Q18 1019 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 Current Price 400.0 Y2018 300.0 Thailand's White Shrimp price (THB/Kg) Y2019 Average Price Y18 Y19 Y20 Y2020 147 142 144 % Chg -3% +1% Size 70 pieces/kg 172.0 200.0 130.7 146.3 138.0 156.7 136.7 133.0 142.0 144.0 144.7 142.7 135.0 100.0 0.0 1Q18 2018 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 Current Price Source: CPF P.29#3115.0 10.0 5.0 Average Raw material Prices - Thailand Thailand's Corn price (THB/kg) Average Price Y18 Y19 Y20 10.6 9.8 9.8 9.7 9.1 9.0 9.2 9.0 8.6 8.9 9.3 9.1 9.8 9.2 9.8 % Chg -7% -3% Y2018 0.0 1Q18 2018 3Q18 4Q18 1Q19 Y2019 3Q19 2019 4Q19 Thailand's Soybean Meal price (THB/kg) Y2020 1Q20 2Q20 3Q20 Current Price Average Price 30.0 Y18 Y19 Y20 16.5 14.7 14.1 25.0 % Chg -11% -4% 20.0 16.3 16.6 17.0 16.1 16.3 15.0 14.8 14.6 14.3 14.2 14.1 14.0 15.0 Y2018 10.0 1Q18 2018 3Q18 4Q18 Y2019 Y2020 1Q19 2Q19 3Q19 4Q19 1Q20 2020 3Q20 Current Price Thailand's Fishmeal price (THB/kg) Average Price 55.0 48.4 Y18 Y19 Y20 50.0 41.6 41.0 28.4 29.3 45.0 37.8 36.7 40.0 % Chg -31% +3% 32.2 31.1 30.1 35.0 29.5 26.6 27.3 27.6 26.7 30.0 25.0 Y2018 Y2019 Y2020 Source: CPF 20.0 1Q18 2018 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 Current Price P.30#3240,000 Vietnam: Average Market Price and Major Feed Raw Materials 30,254 30,376 28,487 27,632 30,000 26,299 25,671 22,872 32,243 24,912 23,376 22,884 Broiler (VND/kg) 20,000 1Q18 2018 3Q18 4Q18 1Q19 2019 3Q19 4Q19 1Q20 2Q20 3Q20 100,000 79,285 80,000 76,625 74,360 60,000 42,407 50,693 49,241 46,503 65,391 35,726 38,422 30,895 40,000 Swine (VND/kg) 20,000 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 10,000 8,000 5,037 5,475 5,700 5,385 5,176 5,191 6,000 5,027 5,203 5,204 5,408 5,283 4,000 Corn (VND/kg) 2,000 1Q18 2018 3Q18 4Q18 1Q19 2019 3Q19 4Q19 1Q20 2Q20 3Q20 20,000 15,000 10,767 11,456 9,239 10,450 10,153 9,603 9,348 9,369 9,176 9,584 9,610 10,000 Soybean Meal (VND/kg) 5,000 1Q18 2018 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 Source: CPF VND 1 THB 0.0014 P.31#33Turkey: Average Market Price and Major Feed Raw Materials 5.62 5.81 6.00 4.77 4.59 4.67 4.67 4.72 4.91 4.20 3.67 3.36 4.00 2.00 0.00 1Q18 2018 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 2.00 1.40 1.50 1.06 1.08 1.13 1.23 1.22 1.29 1.47 1.19 0.86 0.94 1.00 0.50 0.00 1Q18 2018 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4.00 3.11 3.17 2.81 2.84 3.00 2.31 2.45 1.99 2.48 2.11 2.17 1.62 2.00 1.00 0.00 1Q18 2018 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 Source: CPF TRY 1 = THB 4.08 Broiler (TRY/kg) Corn (TRY/kg) Soybean Meal (TRY/kg) P.32#34150.0 India: Average Market Price and Major Feed Raw Materials 91.6 91.0 81.4 84.1 100.0 61.7 68.1 75.8 69.8 72.5 64.2 50.9 50.0 Broiler (INR/kg) 0.0 1Q18 2018 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 500.0 400.0 303 302 305 275 287 283 290 285 282 257 300.0 224 200.0 Shrimp (60 pieces) (INR/kg) 100.0 1Q18 2018 3Q18 4Q18 1Q19 2019 3Q19 4Q19 1Q20 2Q20 3Q20 25.2 30.0 23.0 20.7 21.4 19.5 16.8 16.2 20.0 13.4 13.7 15.0 15.1 10.0 Corn (INR/kg) 0.0 1Q18 2018 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 60.0 50.0 37.4 32.3 34.5 36.2 37.6 39.3 39.9 39.0 36.6 36.7 32.9 40.0 30.0 20.0 Soybean Meal (INR/kg) 10.0 1Q18 2018 3Q18 4Q18 1Q19 2019 3Q19 4Q19 1Q20 2Q20 3Q20 Source: CPF INR 1 THB 0.43 P.33#35Russia: Average Market Price and Major Feed Raw Materials 120.0 110.0 99.1 101.1 103.3 96.5 94.5 100.0 90.1 86.3 81.8 81.2 81.7 80.0 Swine (RUB/kg) 60.0 1Q18 2018 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 120.0 110.4 98.8 101.9 95.7 95.4 91.1 100.0 87.5 88.6 91.2 83.2 73.6 80.0 Broiler (RUB/kg) 60.0 1Q18 2018 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 20.0 12.9 12.6 15.0 11.3 10.8 11.7 12.7 11.4 9.1 9.8 9.9 10.0 6.8 5.0 Wheat (RUB/kg) 0.0 1Q18 2018 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 50.0 42.3 39.6 38.8 40.0 34.8 35.7 32.9 34.0 31.9 32.8 32.3 30.0 30.0 Soybean Meal (RUB/kg) 20.0 1Q18 2018 3Q18 4Q18 1019 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 Source: CPF RUB THB 0.40 P.34#36Cambodia: Average Market Price and Major Feed Raw Materials 16,000 14,000 12,580 13,187 11,785 10,676 12,000 10,059 10,000 8,692 8,342 8,573 8,574 8,945 8,000 6,617 6,000 4,000 1Q18 2018 3Q18 4Q18 1019 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 1,200 1,137 1,116 1,100 1,077 1,085 1,086 1,093 1,068 1,100 1,056 1,059 1,027 1,000 900 1Q18 2018 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 2,200 2,000 1,772 1,800 Swine (KHR/kg) Corn (KHR/kg) 2,074 1,994 1,933 1,868 1,881 1,854 1,812 1,805 1,781 1,805 Soybean Meal (KHR/kg) 1,600 1Q18 2018 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 Source: CPF KHR 1 = THB 0.0077 P.35#37Appendix C Highlights: 3Q20 Results#383Q20 Results Highlights Consolidated Revenue (THB millions) +19% Y-0-Y 157,805 132,597 3Q19 3Q20 17,937 3Q19 Gross Profit (THB millions) +68%Y-0-Y 30,141 Net Profit (THB millions) +23%Y-0-Y 7,475 6,062 3Q20 3Q19 3Q20 Consolidated sales +19% Y-o-Y Gross profit margin Net profit margin 3Q19 13.5% 3Q19 4.6% 3Q20 19.1% 3Q20 4.7% +5.6% +0.16% P.37#39In THB, m 3Q19 3Q20 3Q20: Sales & Gross Profit Margin by Business +8% 36,920 39,696 +3% 6,740 6,937 74,569 +19% 157,805 +31% 132,597 97,545 -5% 14,368 13,627 Thai-Livestock Thai-Aqua Overseas-Livestock Overseas-Aqua TOTAL GPM 14.1% 19.1% 10.8% 13.1% 12.6% 20.1% 17.9% 14.6% 13.5% 19.1% OPM ** 4.0% 7.7% 4.3% 5.8% 3.1% 11.4% 13.3% 8.6% 4.5% 10.0% ** Exclude gain/loss from fair value adjustment of biological assets P.38#403Q20: Consolidated Sales Structure by Business Sales Breakdown Livestock Aquaculture Total 3Q 19 3Q20 % Change 3Q 19 3Q20 % Change 3Q 19 3Q20 % Change Thailand 36,920 39,696 8% 6,748 6,937 3% 43,660 46,633 7% Domestic 30,392 33,531 10% 5,422 5,800 7% 35,814 39,331 10% Export 6,528 6,165 -6% 1,318 1,137 -14% 7,846 7,302 -7% China 29,258 43,037 47% 3,278 3,561 9% 32,5 36 46,598 43% Vietnam Others 16,445 23,205 41% 4,451 4,925 11% 20,896 28,130 35% 28,866 31,303 8% 6,639 5,141 -23% 35,505 36,444 3% Total 111,489 137,241 23% 21,108 20,564 -3% 132,597 157,805 19% % of Total Sales 84% 87% 16% 13% 100% 100% P.39#413Q20: Consolidated Sales Structure by Products Sales Breakdown by Products Feed Farm Food Total 3Q 19 3Q20 % Change 3Q 19 3Q20 %Change 3Q19 3Q20 %Change 3Q 19 3Q20 %Change Thailand 10,200 Domestic Export 10,172 28 9,934 9,911 23 -3% -3% -18% 21,778 19,747 2,031 25,698 18% 11,682 11,001 -6% 43,660 46,633 7% 23,612 2,086 20% 3% 5,895 5,787 5,808 5,193 -2% -10% 35,814 7,846 39,331 10% 7,302 -7% China 24,357 35,099 44% 5,890 8,706 48% 2,289 2,793 22% 32,536 46,598 43% Vietnam 6,811 7,567 11% 13,255 19,325 46% 830 1,238 49% 20,896 28,130 35% Others 9,246 8,684 -6% 17,317 18,549 7% 8,942 9,211 3% 35,505 36,444 3% Total 50,614 61,284 21% 58,240 72,278 24% 23,743 24,243 2% 132,597 157,805 19% P.40#42Appendix D Group of CPP&CTEI's Associate Companies & Joint Ventures#43As of December 31, 2019 No. 1 2 3 4 5 6 No. Group of CPP & CTEI's Associate & Joint Ventures Associates Chia Tai Conti(Cixi) Investment Management Ltd. Conti Chia Tai International Ltd. Ningxia Xiao Ming Animal Husbandary Co., Ltd. Qingdao Yi Bang Bio-Engineering Co., Ltd. Zhan Jiang Deni Carburetor Co., Ltd. Cixi Zhuda Invetment Center (Limited Partnership) Type of Business Provision of Consulting service on economic and trade Production and sale of animal feed Production and sale of commercial layerchicks Produuction and sale of animal caccines Motorcycle carburetor and auto parts production and distribution Invesmtnet Direct and Indirect Interest (%) 26.12 26.12 8.40 6.27 14.12 0.52 Joint Ventures 1 Beijing Chia Tai Feedmill Co., Ltd. 2 ECI Metro Investment Co., Ltd. 3 Handan Chia Tai Feed Co., Lrd. 4 Henan East Chai Tai Co., Ltd. Type of Business Production and sale of animal feed Investment and trade of machinery and spare parts Production and sale of animal feed Produciton and sale of animal feed Direct and Indirect Interest (%) 26.12 25.21 26.12 26.12 P.42#44Appendix E Product Samples & Retail Outlet Formats#45Food Retail Products ✔ IN ass ✔ Roninodns B UFARM 12 100% NATURAL PRODUCT Benja Chicken ด้ว ans.co Brown Rice CAGE FREE BUCHER CP Delight ค็อกเทลผัก 3 สี utiliti - பைத Fresh Mart บะหมี่นํ้าเกี๊ยวกุ้ง CP SHRIMP WONTON S Made with Whole Shrimp CP SHRIMP WONTON ไข่ตุ๋นคับ สูลกลับและน่าชุบก CP ไข่ตัน” ปล.น meiji PROTEÏN O GIO oduan. and 500 Verd. acalidahoan ZERO SUCROSE ADDED FOR L PROTEIN 25 maku 90 Bulgaria meiji Bulgaria 877-284-1 Gasledu0% U FARM Benja Chicken U FARM NATURALLY ARTY 100% NATURAL Cheeva Pork KylaDus Omega 3 พรรค มากกว่า 2.5m เ er Food 15 RAISED WITHOUT Antibiotics MSE Category GUSKER, DICTESSE สเต็กอกไกโมชิโอะ valmish v ✔ CP Delight โซเดียมลดลง 47% สเต๊กแฮมรมควันสูตรลดโซเดียม (๒๓ ๒๕๕๗) Lower Sodium Smoked Ham Steak Delight อกไก่นุ่ม mwšoun pá 80 90 3 ga LOW b CP BALANCE Fonounsafe an CHICKEN RING สคลาสสิค หนักลูก 4 NET VEIGHT An e $100 max mart Meal อาหารมังสวิรัต Vegetarian style BALANGE บหมีพักโมโรเฮย รักสมังสวิSommaratc (CP) ชิคฟิงเกอร์ salus สาหร่าย Board Burwood Flaspur ไก ndoned slutande ( น้ำหนัก 100 Net Weight salwo m USSY 86 (CP) KUROBUTA หมูด้า ซีพี-คูโรบูต พอร์คช็อพหมักพริกไทยด่า Kasba Pork Chop Black Pepper exce Ready to cook WSCURO くるぷ TENDER JUICY DELICIOUS Umirers 200 Net Weight 200g CP CP ขาหมูและ สามขั้นดูโรบูตะในหc (ซีพี) Double-Pork & Cheese Soya Kurobuta Pork Knuckle and Belly (CP Brand) BURGER ดับเบิ้ลหมูชีส soming เอหมู 284 dados 2 edcerul doudou บรรจุ 2 บอง พร้อมบ้านพะโ úminans 530 nsu Net Weight g P.44#46Food Retail Products TASTE INC. APPROVED 100% CHARGRILLED CHICKEN FILLET ORIGINAL READY TO EAT EAL FOOD TASTE INC. APPROVED 100% CHARGRILLED CHICKEN FILLET SPICY P(V)RE Enth CP X 醃漬去骨 湖風味雞腿排 、蜂 圈圈雞 Marinade Boneless Chicken Leg (Garlic) 讓淨標示配方一無添加味精品質改良劑等化學添加物 雞肉起司圈 Chicken Cheese Rings ●湖鹽減鈉47% READY TO EAT 純釀造醬油醋漬清 210g | 冷凍保存 Keep ou eet sean! P(V)RE When Joy GRAB IT SHRIMP Delicious! steak burger CHICKEN SWEET & SOUR with rice Authentic Asia THAI GREEN CURRY CHICKEN WITH JASMINE RICE NOODLES CHICKEN THAI BASIL 30*** PUN Net wit gram HAI-CUBE Spicy Sesame Chicken HAI-CUSE CP Original Chicken Pop Corn Pop CP 無骨香脆 鹽酥雞 冷凍 700 Indian-Cube Chicken Tikka Masala CP Authentic A CHICKEN SINGAPORE NOMZO SNELLY Authentic Asia PEKING STYLE AROMATIC CRISPY DUCK PANCAKE KIT Authentic CP GOURMET Glass Noodles with Baked Shrimps Dura và Thái CHIP CHIP Omega Collagen Thai Spicy Da cả vị rong biển ca CHIP Sp CHIP Omega Collagen Protein Protein NET WEIGHT 250g RCDUCT OF THAKAND Canxi Canxi CP GOURMET wahanvunaisinuyshelsyn: dw ステーキパスタのキーマオ Indian-Cube erika Choler Kitchen Joy RED CURRY SPRING ROLLS MINI FRIED CHICKEN (CP 00000 黒胡椒ソース照り焼き チキン PEPPER KICKS LOWER FAT SAME 280 VEG IT UP! SAVOURY YANISOSA WITH DETA VEGIT UP! THAI BASIL SAUCE HD 10 FREE 914 FREE D 300g 300g BLACKEDDE SAUCE JAPANESE TASTE OVEAT Authentic Asia MONTON SOOF WITH NOODLES SOUPE DE Dos Diner wac sos Authentic Asia four journey through Kata Luisine Thai Massaman Curry Chicken with Jasmine Rice Go Massaran curry met Jes/ Poulot curry Masaonana z Janin Hun Noamen Cuny mit Teams Ra lelmesema comBO Po Мазнител Сипу CP Authentic Asia of journey through Asian Cuisine Thai Red Curry Chicken with Jasmine Rice Kip rade curry met jamirist/ Poulet curry rouge au Jasmin/Huhn roter Curry mit Jasmin Rais/Pollo al curry rojo con arroz jazmin/ Riso Jasmine con pollo ecurry rosso Whole Cooked Shrimp CP Crevettes entières cutes 75W 3509 CP CP 正大食品 ninans 220 NET WEIGHT C PUC DONER *3102054) 350g S31/40 Net Weight/ 400g (14.1 猪肉白菜蒸饺 台式卤肉包 正大地品 10 P.45#47Bellisio FOODS Food Retail Products Michelina's 7q the beautiful foods company* OPEN HERE Pop'n Chicken WHITE CHICKEN NUGGET PATTY FRITTERS &FUN FORMER MASHED POTATOES KEEP FROZEN I COCK THOROUGHLY NET WT 45 02.1120g) BOSTON Home Style Meals -Pulled- CHICKEN BOWL WITH Sweet & Smoky BBQ SAUCE PULLED CHICKEN SMOTHERED IN A SWEET&SMOKY BBQ SAUCE WITH ROTINI PASSA IN A CREAMY THREE-CHEESE SAUCE New! 32g PROTEIN SuperDrob ATKINS LOW CARB LIVING EatingWell Noodle Bowls CHICKEN LO MEIN Shrimp Scampi Shrimp wis pasta and red bell peppers in a garlic cream sauce oli SuperDrob POISKI CHOM: super pomysły w folii do pieczenia PRODEKCJA WFILH DOPIESZENA GWARANUMAKE szyki prost Зпасите taclesio NOWOŚĆ! SuperDrob SuperPomysły na przekąski do szkoły i pracy! SuperDrob surprising CHICKEN SuperFillet MITH DIOCCOL Duckwheat and peas klasyczne SuperRoladki pertan Z KURCZAKA super soczyste i aromatyczne Crescent „MINTERNATIONAL BLAALIES PORCA Crescent, FINE FOODS chicken mini kievs NOU 5002400 Crescent WRAP HAWAJE SUDER GYROS DOG Net weight: 160ge 29921 www.superdrob.pl Super WD 45 2/ kids just resist Chicken Meat Balls HIGH Quality NETATIONE 1259 8G 21G HET CARES PROTEN Sunteerut on for at furchtl, NET VT 9,02/2-500 DITUNES DETECTION Overhill Farms Ⓡ SuperDrob wyśmienite Kiełbaski SuperDrob lekko maślany SuperFilet bition Crescent FINE FOODS CHICKEN SAUSAGES Dad coded NO FLAVOURS FORMSG 4792159.001010 Masa netto: 750 ge HIGH Quality Vegetable Samosa الشات Bugti T P.46#48Serdere Food Service: Five Stars Chain FIVESTAR 65 ห้าดาว FIVE STAR Eve ไก่ทอดห้าดาว | เคะ!! สูตรกรอบ ปกติชั้นละ 29 วันนี้..เพียงชิ้นละ Crispy Recipe 20 For everyone, everywhere Vietnam COFIVE STAR HOTLINE: 19006 India FIVE STAR GREAT TASTEST More ห้าดาว Than 5,000 อร่อย สนุก เต็มอิ่ม ทุกที่ ทุกสไตล์ Fivestar Chicken Outlets Cambodia where Laos ECP FIVE STAR T FIVESTAR lon ແຊບ FIVE STAR Philippines The Best Chicken for Everyone CHICKEN STAR= The Best Chicken for Everyone p199 p35 1 P.47#49Food Service: Chester's CHESTER'S 186 Outlets 1145 CHESTERS Chester's Chester' ทําให้ลอง! NEW ORLEANS CHEESE GRILLED CHICKEN 5 179 und 200 unn Unn * อ งวนสิทธิ์ในการเion H ที่ 1 เมนูในใจ ข้าวไก่เผ็ดเชสเตอร์ CHESTER'S BIRTHDAY الان CHESTERS CHESTER'S DELIVERY 5 HAPPY BUCKET พิเศษ กอปปี้บัคเก็ต CHESTER'S BIRTHBAY 33% 9199 ปก 342 บาท *ขอสงวนสิท ในการเลือกชิ้นไก่ Kundanadukokuu พิเศษ 69 บาท ปกติ 35 บาท อร่อยคุ้มX 4 ฮอทดอก 29 บาท ปกติ 35 บาท พิเศษ! 4 ชิ้น 100... wowmuu P.48#50Food Retail Outlets ชีพ เฟรชบา ท CP Fresh Mart คุ้มค่าทุกวัน ใกล้บ้านคูณ 331 Stores สินค้าหมู..หมู สด สะอาด สั่งเลย! ลดสูงสุด 33% 1788 Delivery Fresh Mart ชื่อสินค้าออนไลน์ ascudie CP เติมชีวิตที่ดี Foods to enrich life CP Fresh Mart ช้อปเลย! Food World 23 Stores Fond World FoodWorld ALIT 105 QUALI ไก่สด Game ori t Spicy Chicken Bad bojandare THE GRILL das d встратова M Aux /wat เป็ดสด BW Wonad CP Food World P.49#51CP CHOZEN LIMITED CHOZEN NOODLE 23 Kiosks All Main Dishes include Rice Noodles CHO ZEN CHO HOO NOO DLE CHO ZEN NOO DLE Moo CHO CHO ZEN ZEN NOO NOO LEDLE FRESHLY MADE ASIA CHO ZEN ZE NOO NOO DLE roadchef Visit beltroodchef.com to give us your feedback! ROCH id we get it right? iPad: COSTA CHOZENNOODLE CHOZEN NOODLE FRESH SUSHI NOODLES DON SOUPS CHOZEN NOODLE CH CH CH ERY CHO CH ZE ZE ZE NO NO ΟΣΟ ZEN ZE NO DI DL NO NO DL UNZO DL DL HO EN 00 LE CHO P.50#52Dak Galbi & WOK Station 7 Branches DAK GALB PECIAL BEITURAN WOK STATION 3 Branches HOW TO WOK onsand nauytdmutado STEP TO ORDER WO OPEN P.51#53CP Fresh 1 Branch ซีพี เฟรช CPFresh สดทุกวัน คุ้มทุกวัน พี เฟร CPFresh สดทุกวัน บ ww Solul ans LIVE SEAFOOD CP Fresh สีOnl สู่ กลุ BUTCHER SHO CPFresh สดใหม่จากไร ทุกวัน! สดใหม่จากไร่ ทุกวัน FRESH FROM FARMS, EVERYDAY! FRESH P.52#54PUT OUR Disclaimer CPF HE RT INTO FOOD "This presentation contains some information from other sources that CPF does not make any representations regarding the use, validity, accuracy, or reliability of, or the results of the use of information, data but not limited to, all text, and images ("the Content") on this presentation. Some contents may contain forward-looking statements that based on management's view upon the information currently available to us. These statements are subject to certain risks and uncertainties that could cause the actual results to be materially differed from what had been previously stated. The Content and the Forward-looking statements state within this presentation only as the date they made. The Company undertakes no responsibility on the change after that date stated herein." The material set forth herein is for informational purposes only. It should not be construed, as an offer of securities for sale. Investor Relations Office Charoen Pokphand Foods Public Company Limited 313 C.P.Tower Building, 26th Floor, Silom Road, Bangrak, Bangkok 10500, Thailand Tel (662) 766-8322/(662) 766-8351 Fax. (662) 638-2942 https://www.cpfworldwide.com/en/investor Email: [email protected] For Further Information: Annual Report & Annual Review: https://www.cpfworldwide.com/en/investors/annual Sustainability Report: https://www.cpfworldwide.com/en/sustainability/report#55Empty